Debt Management Archives

What Is The 20 10 Rule Of Borrowing?

March 13, 2023 by Kylie Mahar

The 20/10 rule of borrowing is a guideline that recommends borrowers to limit their borrowing to no more than 20% of their net income and to ensure that their monthly loan payments do not exceed 10% of their monthly net … Read More

Debt Management | Finance

What Is Fms Debt?

What is FMS Debt? FMS Debt refers to debt owed to the US government’s Foreign Military Sales (FMS) program. This program provides defense articles, services, and training to foreign governments and international organizations. The debt may arise when these entities … Read More